Hinnom (EA, no mods): Ba'al's or Melqarts

[Executor]

I second Excists suggestion. You only need a few items on Melqart.

As for spell casting enc, adding any items with enc will increase the spell casting enc by double. So if you're planning on using any gear it doesn't matter which one you pick.

Overall Melqart has slightly better stats but they are mostly the same. Though Melqarts items save you a lot of forging early on. With the right magic pick and a few low level items Melqart is already a SC not a thug.